Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
Health Care M&A Deals, January 22, 2021
The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our HealthCareMandA.com Deal Database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal of last week was Boston Scientific Corporation’s acquisition of Preventice Solutions, Inc. for $925 million. Preventice Solutions offers a full portfolio of mobile cardiac health solutions and services, ranging from ambulatory cardiac monitors to cardiac event monitors and mobile cardiac telemetry. The company recorded net sales of $158 million in 2020, a... Read More »
Thermo Fisher Acquires Henogen S.A.
After a surprise collapse of its takeover bid for QIAGEN N.V. (NYSE: QGEN), Thermo Fisher Scientific Inc. (NYSE: TMO) is back with a new deal in 2021. Thermo Fisher is buying Henogen S.A. from Groupe Novasep SAS for approximately EUR 725 million ($877.5 million) in cash. Based in Belgium, Henogen S.A. is a viral vector manufacturing business that provides contract manufacturing services for vaccines and therapies to biotechnology companies and large biopharma customers. Groupe Novasep partners with a variety of industries to provide technically optimized and economical solutions for the life science industry. Henogen has two facilities and approximately 400 employees with substantial... Read More »
HCA Healthcare Adds Meadows Regional Medical Center
The Hospital market is off to a strong start in 2021, with seven deals on the books in January. The health system giant, HCA Healthcare (NYSE: HCA), just announced the largest deal in the sector by price. HCA purchased Meadows Regional Medical Center, a 52-bed community hospital in Vidalia, Georgia from Meadow Health Alliance, Inc. for $73 million. A letter of intent was filed in September 2019, and the Toombs County Hospital Authority and Meadow Health Alliance have approved the sale. Meadow Health Alliance generated $153.6 million in revenue in 2019 and estimated $9.63 million EBITDA. Meadows Regional will be HCA’s 10th hospital in Georgia. This deal is expected to close on or before... Read More »
Boston Scientific Buys Preventice Solutions, Inc.
The medical device giant, Boston Scientific Corporation (NYSE: BSX), is kicking off the new year with a bang. The company has announced the acquisition of Preventice Solutions, Inc., which offers a full portfolio of mobile cardiac health solutions and services, ranging from ambulatory cardiac monitors to cardiac event monitors and mobile cardiac telemetry. Boston Scientific is offering $925 million upfront in cash and up to an additional $300 million in a potential commercial milestone payment. Boston Scientific has been an investor in Preventice since 2015 and currently holds an equity stake of approximately 22 percent., which will result in a $720 million net payment and a net milestone... Read More »
Ophthalmology Groups Are Still Hot Targets
It’s been an incredibly busy January, and deal volume continues to pile up. Investor interest in physician groups has swelled in particular, as we reach 36 deals and counting. The hottest specialty so far has been for ophthalmology practices, which have accounted for seven deals so far this month. It’s a trend that has spilled over from 2020, when ophthalmology deals accounted for 22% of the 189 Physician Medical Group transactions announced last year. As other specialties, such as dental practices and dermatology groups, were hit hard by the pandemic, demand for cataract surgery and the ability to conduct eye exams and other routine care via telehealth grew, resulting in increasing... Read More »
ENT Partners Kicks off 2021 with Multiple Acquisitions
Candescent Partners, a Boston-based private equity firm, acquired ENT Partners LLC in 2018 to build a leading network of ear, nose and throat (ENT) and sleep providers. And now in 2021, it seems like the company is making good on that mission. In just two weeks into the new year, the company has added three practices to its network, according to search results in our Healthcare Deal Database. No terms were disclosed. On January 7, the physician group purchased Arlington ENT based in Arlington Heights, Illinois. Arlington ENT – Head & Neck and Facial Plastic Surgery offers a wide range of services within the surgical specialties of cosmetic and reconstructive facial plastic surgery and... Read More »
Healthcare M&A Activity Enters the Stratosphere
After an avalanche of deals in the fourth quarter of 2020, healthcare M&A activity and announcements just keep piling on in the opening weeks of 2021. As of the afternoon of January 15, there are 139 deals recorded in our Healthcare Deals Database, with many more to add as they hit the newsfeeds. Demand for physician groups has swelled, after a rough 2020 for the sector, hitting 30 deals. That’s followed by 20 deals in the eHealth sector, 19 in Other Services and 15 in the Long-Term Care sector as the sectors with the highest amount of activity. To put the numbers in perspective, there were 60 physician group deals in the fourth quarter (the highest of 2020), so if the pace... Read More »
Talkspace Goes Public in Another Reverse Merger
In 2020, reverse mergers with special purpose acquisition companies (SPACs) popped up on a weekly basis, and it seems like that trend is spilling over into 2021. This week, Talkspace, a tele-behavioral healthcare company, announced it is going public after it merges with Hudson Executive Investment Corp. (NASDAQ: HEC), a SPAC formed by Hudson Executive Capital LP (HEC), Douglas L. Braunstein and Douglas G. Bergeron. Mr. Braunstein is the founder and co-managing partner of HEC and the former CFO and Vice Chairman of JP Morgan. Mr. Bergeron is a co-managing partner of HEC and the former Chairman and CEO of VeriFone, Inc. The deal is valued at an initial enterprise value of $1.4 billion, plus... Read More »
Aspirus Buys Portfolio of Ascension Hospitals
Ascension Wisconsin, part of the Ascension health system, is divesting seven hospitals (total of 264 beds) in north and central Wisconsin. Three are acute care hospitals, and four are designated as critical access hospitals. The buyer is Aspirus, a nonprofit rural health service with six hospitals in Wisconsin and four in Michigan, 50 clinics, home health and hospice care, pharmacies, critical care and air-medical transport, nursing homes and a broad network of physicians. No terms were disclosed, but the seven facilities generated $392.2 million revenues for the fiscal year of 2019 and $73.8 million in EBITDA. The divestment includes Eagle River Hospital in Eagle River (14 beds); Good... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
